UniSuper Management Pty Ltd Increases Holdings in Invitation Homes Inc. (NYSE:INVH)

UniSuper Management Pty Ltd grew its holdings in shares of Invitation Homes Inc. (NYSE:INVH - Free Report) by 15.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 209,106 shares of the company's stock after purchasing an additional 28,298 shares during the quarter. UniSuper Management Pty Ltd's holdings in Invitation Homes were worth $7,446,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in INVH. Norges Bank bought a new position in Invitation Homes in the 4th quarter worth about $1,346,883,000. Boston Partners bought a new position in Invitation Homes in the 4th quarter worth about $105,282,000. Goldman Sachs Group Inc. boosted its stake in Invitation Homes by 66.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 5,424,752 shares of the company's stock worth $185,038,000 after purchasing an additional 2,169,522 shares during the period. First Financial Bankshares Inc bought a new stake in shares of Invitation Homes during the 4th quarter valued at about $45,104,000. Finally, Cohen & Steers Inc. boosted its position in shares of Invitation Homes by 1.3% during the 4th quarter. Cohen & Steers Inc. now owns 80,498,790 shares of the company's stock valued at $2,746,208,000 after acquiring an additional 1,008,392 shares during the last quarter. 96.79% of the stock is owned by hedge funds and other institutional investors.

Invitation Homes Stock Performance

Invitation Homes stock traded up $0.20 during mid-day trading on Tuesday, reaching $36.50. 3,914,014 shares of the stock traded hands, compared to its average volume of 3,138,154. The stock has a market capitalization of $22.36 billion, a PE ratio of 41.97, a price-to-earnings-growth ratio of 2.21 and a beta of 0.99. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.21 and a quick ratio of 0.21. Invitation Homes Inc. has a 12-month low of $28.49 and a 12-month high of $36.92. The business's 50-day moving average is $35.34 and its 200-day moving average is $34.49.

Invitation Homes (NYSE:INVH - Get Free Report) last issued its quarterly earnings results on Tuesday, April 30th. The company reported $0.23 EPS for the quarter, missing analysts' consensus estimates of $0.45 by ($0.22). The company had revenue of $646.04 million during the quarter, compared to analysts' expectations of $630.97 million. Invitation Homes had a return on equity of 5.29% and a net margin of 21.75%. As a group, sell-side analysts predict that Invitation Homes Inc. will post 1.83 EPS for the current fiscal year.

Invitation Homes Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 19th. Stockholders of record on Thursday, June 27th were paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.07%. The ex-dividend date of this dividend was Thursday, June 27th. Invitation Homes's dividend payout ratio (DPR) is 128.74%.

Insider Activity at Invitation Homes

In related news, COO Charles D. Young sold 5,000 shares of the stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $34.85, for a total transaction of $174,250.00. Following the completion of the transaction, the chief operating officer now directly owns 275,296 shares of the company's stock, valued at $9,594,065.60. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, Director Cohen Jana Barbe sold 7,200 shares of the firm's stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $34.58, for a total value of $248,976.00. Following the completion of the sale, the director now directly owns 28,068 shares of the company's stock, valued at approximately $970,591.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Charles D. Young sold 5,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $34.85, for a total value of $174,250.00. Following the completion of the sale, the chief operating officer now directly owns 275,296 shares of the company's stock, valued at $9,594,065.60. The disclosure for this sale can be found here. 0.28% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have recently issued reports on INVH. Barclays dropped their price target on Invitation Homes from $41.00 to $40.00 and set an "overweight" rating for the company in a research report on Wednesday, May 29th. Mizuho decreased their price target on Invitation Homes from $37.00 to $36.00 and set a "neutral" rating on the stock in a research note on Monday, June 3rd. Keefe, Bruyette & Woods reaffirmed a "market perform" rating and issued a $38.00 price target on shares of Invitation Homes in a research note on Monday, June 17th. Evercore ISI lifted their price target on Invitation Homes from $36.00 to $37.00 and gave the stock an "in-line" rating in a research note on Tuesday, July 9th. Finally, Raymond James boosted their target price on Invitation Homes from $37.00 to $39.00 and gave the company an "outperform" rating in a research note on Thursday, March 28th. Eight investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $38.06.

Invitation Homes Profile

Invitation Homes, an S&P 500 company, is the nation's premier single-family home leasing and management company, meeting changing lifestyle demands by providing access to high-quality, updated homes with valued features such as close proximity to jobs and access to good schools. The company's mission, Together with you, we make a house a home, reflects its commitment to providing homes where individuals and families can thrive and high-touch service that continuously enhances residents' living experiences.

Want to see what other hedge funds are holding INVH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invitation Homes Inc. (NYSE:INVH - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.